Replicating Microfinance in the United StatesJames H. Carr, Zhong Yi Tong Woodrow Wilson Center Press, 28/06/2002 - 387 من الصفحات "With the publication of this volume, knowledge and understanding of the practices of delivering micro-credit reach a new level of consolidation, and the stage is set for important further steps."—from the Foreword by Richard P. Taub, University of Chicago Microfinance was pioneered in the developing world as the lending of small amounts of money to entrepreneurs who lacked the kinds of credentials and collateral demanded by banks. Similar practices spread from the developing to the developed world, reversing the usual direction of innovation, and today several hundred microfinance institutions are operating in the United States. Replicating Microfinace in the United States reviews experiences in both developing and industrialized countries and extends the applications of microlending beyond enterprise to consumer finance, housing finance, and community development finance, concentrating especially on previously underserved households and their communities. Contributors include Nitin Bhatt, Robert M. Buckley, Bruce Ferguson, Elinor Haider, Chi-kan Richard Hung, Sally R. Merrill, Jonathan Morduch, Gary Painter, Sohini Sarkar, Mark Schreiner, Lisa Servon, Ayse Can Talen, Shui-Yan Tang, Kenneth Temkin, Andres Vinelli, J. D. Von Pischke and Marc A. Weiss. Replicating Microfinance in the United States is based on papers commissioned by the Fannie Mae Foundation and findings from an October 2001 conference jointly held by the Fannie Mae Foundation and Woodrow Wilson International Center for Scholars in Washington, D.C. |
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... sustainable margin for error than do developing-country programs. of the divergence of both the risk-bearing capacity and the potential for credit-risk reduction, the sustainable margin for error in U.S. programs is much smaller than ...
... sustainable levels for housing loans has faced greater barriers than for microenterprise lending. For long-run sustainability, lending rates must obviously re×ect risks and administrative costs. Following from microenterprise μnance ...
... sustainable sources of funding. Although conditions have improved as a result of CRA and of GSE and lender initiatives, sustainability may still be an issue. In summary, the areas that appear to offer the maximum amount of overlap in ...
... sustainable funding and those best able to undertake the transactions of LMI lending and microlending. U.S. lenders ... sustainability and scale. These institutions act as the μnancial arm, taking deposits and offering lines of credit ...
... sustainable level of funds into LMI lending and microlending in emerging markets. Finally, several important caveats ... sustainability. The μrst lacks are of information and analyses. There is very little systematic information on low ...